Corporate bonds on the rise

Corporate bonds have done well this year. A total return of more than 11% is not to be sniffed at in the current environment. Despite all the talk of a government bond bubble, returns from corporate bonds have outstripped those from government bonds by more than 1% in 2010.  From this point, however, generating returns is likely to prove more challenging. Investors are understandably nervous. Sovereign debt worries are still bubbling away in the background, despite the best efforts of the European Central Bank and the IMF. The consensus view appears to be that Greece will still have to...